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Small business lending insights Vol. 1

Abrigo

Recent data and trends of the small business lending market SMB Lending Insights is a snapshot of current financial trends and metrics that impact small and medium-sized business (SMB) lending and financial institutions. You might also like this guide for smarter, faster small business lending.

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Lending FinTech GreenSky Files For IPO

PYMNTS

Lending FinTech GreenSky has confidentially filed paperwork for an initial public offering (IPO). The Wall Street Journal reported that the Atlanta-based company, which enables retailers, health-care providers and home contractors to offer loans to their customers, could go public as soon as this summer.

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Credit unions continue to see growth in auto lending

Abrigo

Overall auto lending at credit unions is up more than 30 percent in recent years, a positive sign that CUs remain competitive in an evolving banking landscape. Utilizing the Sageworks Bank Information platform, Sageworks recently examined how steadily auto lending at credit unions – specifically for new vehicles – grew in 2014.

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Mastercard Commits $500M To Boost Black Communities, Businesses

PYMNTS

Mastercard said the new program would, among other things, expand city programs that aid Black communities in such cities as Atlanta, Birmingham, Los Angeles, New Orleans, New York, St. “Our aim is to level the playing field for economic growth.”. Louis and Dayton, Ohio.

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Today In Payments: ECB Outlines Use Cases For Digital Euro; Goldman To Pay $2.5B For GM’s Credit Card Business

PYMNTS

The purchase furthers Goldman's push into Main Street lending and gives Goldman access to over one million cardholders, who account for roughly $8.5 The partnership marks the retail giant's foray into privately managed Medicare Advantage plans. billion in spending per year. Walmart Expands Healthcare Services.

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BankUnited Blames Food Delivery Apps For Restaurant Debt Stress

PYMNTS

He added that the bank will seek to broaden its lending to businesses in the Atlanta area this yea, with plans to introduce a commercial card for its business clients later on.

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Kabbage Set To Launch Payment Processing Services

PYMNTS

The Atlanta-based startup will offer tools so that its clients, mostly brick-and-mortar businesses, will be able to accept card payments in-store and online, Kabbage’s President Kathryn Petralia said in an interview, according to Reuters. “The The monoline businesses have a hard time succeeding long term,” Petralia said. billion.

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